Post
Topic
Board Economics
Re: Send bitcoin at 2011
by
cellard
on 19/10/2017, 14:40:33 UTC
I think same like today - 10-30 minutes.
Power of protocol is rising proportional.

I was not there in 2011, but I know some people that did transactions in the early days, and confirmations were not relevant. 0 confirmations were safe because of the lack of interest and resources put into a potential double spend attack, so you could instantly receive the coins and then spend them.

People like Roger Ver falsely sell the narrative of this being taken away by Core devs because they refuse to  raise the blocksize, what they don't get is the fact that 0 confirmations will never be safe again, and they were never intended to be a viable way to safely spend coins, even satoshi said so.

Exactly, things have slightly changed from then. For now, with zero confirmation, transaction most likely won't be activated as you have to exercise patient a bit for a more liable access to transaction.

Which is why we must expose on a daily scammers like Roger Ver and Craig Steven Wright aka Fake Satoshi, which are trying to brainwash people into thinking 0 confirmations aren't safe because of the blocksize being too small.

Just for the record, Satoshi vs FakeSatoshi: